by Mike | Apr 21, 2014 | Securities Fraud
If you thought too many incidents of securities fraud in the U.S. go unpunished, you’re probably right. This is the view of trial attorney James Kidney, who recently retired from the Securities and Exchange Commission. Speaking at his retirement party, Kidney said his...
by Mike | Apr 9, 2014 | Latest News, Securities Fraud
CPAs should be on the front line alerting their clients to securities fraud much more frequently than they presently do. Why do I say that? Because CPAs meet with their clients each year to prepare taxes and the common “client questionnaire” or “client organizer”...
by Mike | Jun 21, 2013 | Securities Fraud
Advance funding companies, or “factoring” companies, are now arm-twisting military veterans, teachers, firefighters, police officers and other retirees to sell their future pension benefits. Retirees receive cash in exchange for selling their structured settlement...
by Mike | Jun 14, 2013 | Securities Fraud
A bill that would prohibit the enforcement of mandatory arbitration clauses against employees and consumers has been introduced in the US Congress. Senator Al Franken, D-Minn., reintroduced the Arbitration Fairness Act of 2013 (S. 878). It provides that “no...
by Mike | May 31, 2013 | Securities Fraud
According to a report in a recent edition of Investment News, the Financial Industry Regulatory Authority (FINRA) fined LPL Financial LLC $7.5 million for 35 significant e-mail system failures. representing the inadequate oversight of 28 million e-mails over a...
by Mike | May 29, 2013 | Securities Fraud
The Secretary of the Commonwealth of Massachusetts, William Gavin, recently announced settlements with five leading independent broker-dealers regarding sales of non-traded real estate investment trusts (REIT). A recent edition of Investment News reports that the five...
